Health Savings Accounts (HSA Sample Clauses

Health Savings Accounts (HSA. All active Local G-555 employees enrolled in Medical Option A will be eligible for the Dominion Health Savings Account effective January 1, 2019. Details of the Plan are outlined in the Summary Plan Documents.
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Health Savings Accounts (HSA. ‌ For employees who elect coverage under the “High Deductible Plan” the City will make a contribution of $750 for single coverage and $1,500 for family coverage to a Health Savings Account (HSA) for each plan year. Employees who elect coverage under a plan other than the “High Deductible Plan” are not eligible for an HSA and no City contribution will be made.
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Health Savings Accounts (HSA. Those members who selected an HSA compatible insurance plan in 2014-15 will be allowed to continue to elect the individual HSA. This plan will not be available to new members. The district will contribute the difference between the employee’s current insurance cap and the actual premium into the employee’s HSA account up to the annual allowable annual maximum contribution. All forms and account set-ups must be completed within 30 calendar days of open enrollment or hire date.
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Health Savings Accounts (HSA. As the Board contributions to the savings account are only made in January and July, a committee of members of Association and the Administration shall be formed to provide a procedure by which members who have catastrophic need shall be able to receive the Board's contribution when needed.
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Health Savings Accounts (HSA. Effective January 1, 2014, the HSA Plan provided under L/A 10-31-PGE is no longer available for bargaining unit employees pursuant to the 2012 Benefits Agreement. Company proposes to stop new enrollments in the HSA plan effective August 1, 2013 in order to avoid employees’ liability for taxes and penalties on HSA contributions. Because the company makes a contribution to the HSA plan, entrants later in a calendar year who will not have the option of re-enrolling in an HSA plan the next calendar year run the risk of paying taxes and penalty taxes on the company contributions and their own contributions. This would not affect participants who enroll in the HSA plan prior to Aug. 1, 2013 – they would continue in the plan until the end of 2013 when the plan will be discontinued as per the 2012 Benefits Agreement. Company also proposes to eliminate the HSA option under the retiree medical plans effective January 1, 2014, and stop any new enrollments into the retiree HSA plan effective August 1, 2013. Any balances left in the HSA account will remain available to the retiree to offset their out-of-pocket health care costs. The company proposes to pay the 2014 and 2015 account management fees on the HSA funds for any active union member or retiree who was enrolled in the HSA plan on December 31, 2013. The funds will be converted into individual accounts at UMB Bank. If the member moved their HSA account to another administrator prior to Jan. 1, 2016, the member will be responsible for the fees. Xx. Xxx Xxxxxxx - 2 - July 23, 2013 L/A 13-60-PGE Employees on Long Term Disability (LTD) Effective January 1, 2014, active bargaining unit employees will begin participating in the new Health Account Plan that was agreed upon in the 2012 Benefits negotiations. Company proposes that employees currently on LTD and those transitioning onto LTD will retain the 2013 bargaining unit medical platform of the NAP/CAP Plans or Kaiser EPO (Kaiser Senior Advantage for Medicare LTD). If you agree, please so indicate in the space provided below and return one executed copy of this letter to the Company. Very truly yours, PACIFIC GAS & ELECTRIC COMPANY By: Xxxxxxx X. Xxxxxxx Director and Chief Negotiator The Union is in agreement. LOCAL UNION NO. 1245, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, AFL-CIO August 5 , 2013 By:
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Health Savings Accounts (HSA. We permit some electronic fund transfers to and/or from your HSA. The electronic fund transfers we permit are offered for the convenience of managing your HSA . However, electronically moving funds to or from your HSA - for example, depositing more than the allowable amount, or getting additional cash back on an H SA debit card transaction - can raise a variety of tax concerns. As a result, before electronically accessing any account you may have with us, it is a good practice to make sure you are using the correct access device (such as a card) or accessing the appropriate account for the transaction. Also, it is your responsibility to ensure the contrib utions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. As a lways, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. The terms of this disclosure are intended to work in conjunction with the HSA Agree ment provided to you earlier. In the event of a conflict, the terms of the HSA A greement control. You understand that your HSA is intended to be used for pa yment of qualified medical expen ses. It is your responsibility to satisfy any ta x liability resulting from use of your HSA for any purpose other than payme nt or reimbursement of qualified medical expenses. We do not monitor the pu rpose of any transaction to or fro m your HSA. Nor are we responsible for ensuring your eligibility for making con tributions or ensuring withdrawals are used f or payment or reimbursement o f qualified medical expenses. Refer to your H SA Agreement for more information relating to the use of your HSA. Limitat ions on frequency of transfers . In addition to those limitations on transfe rs elsewhere described, if any, th e following limitations apply: } Transfers from a money market or savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, debit card, or similar order to third parties are limited to six per month or monthly statement cycle. FEES } We do not charge for direct deposits to any type of account. } We will charge you for the electronic fund transfer debit transactions on your account the same fee as if they were transactions originated by check, draft, or similar paper instrument. See the separate terms of account and/or separate fee schedule for information relating to transaction limitations and fees. } In addition to the above trans...
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Health Savings Accounts (HSA a. In the event a bargaining unit member selects an insurance plan with an HSA, the difference between the total monthly premium amount for the employee’s District- sponsored health insurance plans (including medical, dental, vision, etc.) and the District’s insurance contribution cap amount will be contributed to the employee’s HSA, provided in Sections 15.A(2)(b–d) below.
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Related to Health Savings Accounts (HSA

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Certain Savings Accounts 1. An account established and maintained in the Slovak Republic that satisfies any of the following:

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • Disclosure Statement for Xxxxxxxxx Education Savings Accounts 1. Who is Eligible for a Xxxxxxxxx Education Savings Account? Anyone may contribute to a Xxxxxxxxx Education Savings Account regardless of his or her relationship to the beneficiary. The beneficiary of a Xxxxxxxxx Education Savings Account

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • How Are Distributions from a Xxxxxxxxx Education Savings Account Taxed For Federal Income Tax Purposes? Amounts distributed are generally excludable from gross income if they do not exceed the beneficiary’s “qualified higher education expenses” for the year or are rolled over to another Xxxxxxxxx Education Savings Account according to the requirements of Section (4). “Qualified higher education expenses” generally include the cost of tuition, fees, books, supplies, and equipment for enrollment at (i) accredited post-secondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate-level or professional degree or another recognized post-secondary credential and (ii) certain vocational schools. In addition, room and board may be covered if the beneficiary is at least a “half-time” student. This amount may be reduced or eliminated by certain scholarships, qualified state tuition programs, HOPE, Lifetime Learning tax credits, proceeds of certain savings bonds, and other amounts paid on the beneficiary’s behalf as well as by any other deductions or credits taken for the same expenses. The definition of “qualified education expenses” includes expenses more frequently and directly related to elementary and secondary school education, including the purchase of computer technology or equipment or Internet access and related services. To the extent payments during the year exceed such amounts, they are partially taxable and partially non-taxable similar to payments received from an annuity. Any taxable portion of a distribution is generally subject to a 10% penalty tax in addition to income tax unless the distribution is (i) due to the death or disability of the beneficiary, (ii) made on account of a scholarship received by the beneficiary, or (iii) is made in a year in which the beneficiary elects the HOPE or Lifetime Learning credit and waives the exclusion from income of the Xxxxxxxxx Education Savings Account distribution. You may be allowed to take both the HOPE or Lifetime Learning credits while simultaneously taking distributions from Xxxxxxxxx Education Savings Accounts. However, you cannot claim a credit for the same educational expenses paid for through Xxxxxxxxx Education Savings Account distributions. To the extent a distribution is taxable, capital gains treatment does not apply to amounts distributed from the account. Similarly, the special five- and ten-year averaging rules for lump-sum distributions do not apply to distributions from a Xxxxxxxxx Education Savings Account. The taxable portion of any distribution is taxed as ordinary income. The IRS does not require withholding on distributions from Xxxxxxxxx Education Savings Accounts.

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